Roundview Capital LLC Has $1.85 Million Position in Old Dominion Freight Line, Inc. $ODFL

Key Points

• Roundview Capital LLC increased its stake in Old Dominion Freight Line by 67.0%, now owning 11,402 shares worth approximately $1.85 million.
• Several large investors, including Vanguard Group and T. Rowe Price, have also boosted their positions in the company, indicating strong institutional interest.
• Analysts have set a consensus rating of "Hold" for the stock, with an average price target of $166.52, reflecting mixed investor sentiment.

Roundview Capital LLC increased its position in Old Dominion Freight Line, Inc. (NASDAQ:ODFL - Free Report) by 67.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,402 shares of the transportation company's stock after buying an additional 4,575 shares during the period. Roundview Capital LLC's holdings in Old Dominion Freight Line were worth $1,851,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in Old Dominion Freight Line by 1.9% during the first quarter. Vanguard Group Inc. now owns 22,666,405 shares of the transportation company's stock worth $3,750,157,000 after purchasing an additional 416,097 shares during the period. Invesco Ltd. boosted its position in Old Dominion Freight Line by 1.3% during the first quarter. Invesco Ltd. now owns 4,272,231 shares of the transportation company's stock worth $706,841,000 after purchasing an additional 53,079 shares during the period. T. Rowe Price Investment Management Inc. boosted its position in Old Dominion Freight Line by 79.5% during the first quarter. T. Rowe Price Investment Management Inc. now owns 2,599,005 shares of the transportation company's stock worth $430,006,000 after purchasing an additional 1,151,221 shares during the period. JPMorgan Chase & Co. boosted its position in Old Dominion Freight Line by 45.1% during the first quarter. JPMorgan Chase & Co. now owns 2,429,750 shares of the transportation company's stock worth $402,002,000 after purchasing an additional 754,796 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Old Dominion Freight Line by 11.4% during the first quarter. Ameriprise Financial Inc. now owns 1,412,698 shares of the transportation company's stock worth $232,955,000 after purchasing an additional 145,058 shares during the period. Institutional investors own 77.82% of the company's stock.

Analysts Set New Price Targets

ODFL has been the subject of a number of recent analyst reports. UBS Group upped their target price on Old Dominion Freight Line from $155.00 to $164.00 and gave the stock a "neutral" rating in a research report on Friday, October 3rd. Barclays reduced their price objective on Old Dominion Freight Line from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, October 1st. Baird R W raised Old Dominion Freight Line to a "hold" rating in a research report on Tuesday, July 1st. Benchmark reissued a "hold" rating and issued a $102.00 price objective on shares of Old Dominion Freight Line in a research report on Thursday, June 12th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Old Dominion Freight Line in a research report on Saturday, September 27th. Eight investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $166.52.

Old Dominion Freight Line Stock Down 1.0%

Shares of NASDAQ ODFL opened at $141.36 on Wednesday. The stock has a market cap of $29.71 billion, a PE ratio of 27.61, a PEG ratio of 3.35 and a beta of 1.19. The business has a fifty day moving average of $146.74 and a two-hundred day moving average of $156.31. Old Dominion Freight Line, Inc. has a 52-week low of $133.69 and a 52-week high of $233.26. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.38 and a current ratio of 1.38.

Old Dominion Freight Line (NASDAQ:ODFL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The transportation company reported $1.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.29 by ($0.02). The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.43 billion. Old Dominion Freight Line had a net margin of 19.42% and a return on equity of 25.94%. The firm's revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.48 earnings per share. As a group, equities research analysts expect that Old Dominion Freight Line, Inc. will post 5.68 earnings per share for the current fiscal year.

Old Dominion Freight Line Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 17th. Shareholders of record on Wednesday, September 3rd were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.8%. Old Dominion Freight Line's dividend payout ratio (DPR) is presently 21.88%.

Old Dominion Freight Line Company Profile

Old Dominion Freight Line, Inc operates as a less-than-truckload motor carrier in the United States and North America. The company offers regional, inter-regional, and national less-than-truckload services, as well as expedited transportation. It also provides various value-added services, including container drayage, truckload brokerage, and supply chain consulting.

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